Sharemarket plays havoc with retiree nest eggs

SHARE market turmoil is denting retirement nest eggs, but workers and retirees are being urged not to panic, according to the Herald Sun’s John Dagge.

In the article, Pitcher Partners wealth management head Charlie Viola said retirees should review their income stream every six to 12 months.

“Understand what you are drawing out to meet your living expenses versus what your portfolio is actually able to generate,” he said. Mr Viola said retirees should have a cash buffer — 10 to 15 per cent — as part of their nest egg to ensure they did not need to sell out of stocks at the bottom of the market for living expenses. “There are levels of concern about equity markets, but we have been here before,” he said. “There is no reason to be more fearful now than any other point in time.”

Australia might only have a decade left to wean itself off coal if the latest international efforts to decarbonise are anything to go by. See the opinion piece in the Sydney Morning Herald by Macquarie University’s Professor Martina Linnenluecke.

You’re back at your desk. It’s the start of a new work year. What will 2017 bring?

What are your aspirations? Will you get that promotion? Will you be considered for partnership in your firm? How about that board position you’ve been coveting? Will you be included on the next government roundtable? The next media organisation roundtable?

Social licence is a hot topic right now. Malcolm Turnbull this week warns banks that they operate with a social licence for the people. This follows the banks’ refusal to pass on the full rate cut.

Also this week, we have seen the Baird Government’s greyhound ban legislation pass in the upper house. It will be enacted later this month – all on the back of the industry’s inability to meet its social licence obligations.

You see, in this instance, the community just doesn’t accept animal cruelty, or greyhound killings or ‘wastage’ (a much more palatable term), or live-baiting.

If you think we live in a country relatively free from the fraud and corruption that plagues many parts of the world, a new KPMG survey might shake you up a little. Our six-monthly Fraud Barometer* shows a large rise in number, and especially the value of frauds being committed in Australia.

Australia might only have a decade left to wean itself off coal if the latest international efforts to decarbonise are anything to go by. See the opinion piece in the Sydney Morning Herald by Macquarie University’s Professor Martina Linnenluecke.

Macquarie University Professor of Environmental Finance Martina Linnenluecke talks to ABC Radio PM’s Rachel Mealy and says the economics of the Adani coal plant don’t add up as Australia’s investment in coal will be written down in as little as 10 years.

When is discrimination bad behaviour, and not unconscious bias? Has unconcious bias training gone a step too far? Macquarie University Professor Lucy Taksa says unconcious bias is a ‘get out of jail free card’ allowing people to deny they engage in illegal behaviour. See article in The Conversation.